Brokerages Set Shake Shack, Inc. (NYSE:SHAK) PT at $131.29

Key Points

• Shake Shack, Inc. (NYSE:SHAK) has received an average analyst rating of "Hold", with recommendations ranging from sell to strong buy among 23 analysts. The average 12-month price target is $131.29.
• The stock opened at $113.07, with a market cap of $4.82 billion and a PE ratio of 245.81.
• Shake Shack reported $0.44 EPS for the latest quarter, exceeding analysts' expectations, with a 12.6% year-over-year revenue increase to $356.47 million.

Shake Shack, Inc. (NYSE:SHAK - Get Free Report) has earned a consensus rating of "Hold" from the twenty-three research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $131.2857.

Several equities research analysts have weighed in on SHAK shares. UBS Group restated a "neutral" rating and set a $140.00 price target (up previously from $100.00) on shares of Shake Shack in a report on Friday, July 25th. Morgan Stanley raised their target price on shares of Shake Shack from $122.00 to $126.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Bank of America boosted their price target on shares of Shake Shack from $134.00 to $148.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Jefferies Financial Group downgraded shares of Shake Shack from a "hold" rating to an "underperform" rating and increased their price objective for the company from $100.00 to $120.00 in a research report on Thursday, July 17th. Finally, TD Cowen lifted their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 3,956 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $127.49, for a total value of $504,350.44. Following the transaction, the chief financial officer directly owned 35,750 shares of the company's stock, valued at $4,557,767.50. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel Harris Meyer sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total value of $2,801,400.00. Following the completion of the transaction, the director owned 367,984 shares of the company's stock, valued at approximately $51,543,518.88. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,391 shares of company stock worth $11,869,925. 9.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock worth $26,000 after purchasing an additional 263 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Shake Shack in the first quarter valued at $26,000. Ameritas Advisory Services LLC acquired a new position in shares of Shake Shack during the second quarter valued at $31,000. Garde Capital Inc. acquired a new position in shares of Shake Shack during the first quarter valued at $35,000. Finally, Parallel Advisors LLC grew its position in shares of Shake Shack by 679.4% during the second quarter. Parallel Advisors LLC now owns 265 shares of the company's stock worth $37,000 after acquiring an additional 231 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Trading Down 0.7%

Shake Shack stock traded down $0.76 during mid-day trading on Thursday, hitting $112.21. The company's stock had a trading volume of 1,007,825 shares, compared to its average volume of 1,682,025. The stock's fifty day moving average is $131.83 and its two-hundred day moving average is $111.83. The company has a current ratio of 1.92, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.79 billion, a PE ratio of 243.94, a price-to-earnings-growth ratio of 2.57 and a beta of 1.82. Shake Shack has a 1 year low of $72.93 and a 1 year high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. The business had revenue of $356.47 million during the quarter, compared to analysts' expectations of $352.56 million. During the same period last year, the business earned $0.27 earnings per share. The business's revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts anticipate that Shake Shack will post 1.26 EPS for the current year.

Shake Shack Company Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.